Replies to post #75169 on Politics and Money

[GEO928]

pn....you ask "why?"

the answer to your question is very simple:

primary reason: we have a "voluntary" tax system....which means you "claim" your expenses....

secondary reason....your "wage earners expenses" associated with their pay/income were already deducted at his/her job....

1) a family produces nothing for profit; the family sdoes not provide society with any real goods or services.... therefore, it generates no revenue .....it only spends money.....

2) most people spend more than they earn....hence, the "debt & credit crisis"....and from that vantage point it's easy to see there would be no taxes due by the family...all monies earned would be claimed as a loss/expense.

[shermann7]

That is why a corporation does not have the same rights as individuals...It is why the Citizens United Decision is all wrong...Corporations are, strictly speaking, a money making entity...

This is subject matter which could go on a long, long, time...

The tax code is all wrong...It favors the rich, when in reality growing the middle class is what is best for the country...

That is why I favor a high standard deduction of around 50,000 an individual, and a flat tax on the remaining income. The whole tax code can be thrown out...In the end, it will benefit the citizens of the U.S. greatly...

If the intarnational corporations do not like it and want to leave...No Problem...Tariffs worked before, and they can work again...The U.S. is only one market, and the Rest of the businesses will grow fast and hard...That is the great thing about a market economy...It does actually work...

Shermann

Shermann